04-01-2011 09:49 PM
I have been on a payment arrangement with Bank of America since about 2007. There are several lates showing back in 2007. The account is closed. I finally have the money to pay off the entire balance. Can I use this as leverage to get these lates or TL removed from my CR? Should I call or write? Anyone had success with this?
04-02-2011 04:58 AM
Let me know if you have any success.
I have 3 BoA cards that were closed in 2007 and i have been on a payment plan too. All my lates were in 2007 also.
This month, i will be paying off one of the cards. So i'm hoping to GW the 2007 lates so this account becomes positive.
04-02-2011 06:22 AM
04-02-2011 11:40 AM
The problem with BOA is that they don't "say" no - they just don't respond until you've hit a nerve & contacted someone higher up then they use the good stationary to say NO! LOL!!! I've been trying to get someone at BOA to delete a paid account or at least the lates with no luck for months. Let me know if you have some luck!
04-03-2011 07:43 PM
The truth.... I was broke at the time I defaulted (without any sob story) but I have paid it in full thru the CA & I know that it's against their policy to delete TL's but if they can find it in their heart to delete it I would greatly appreciate it. I'm desperate to have this resolved. I want to make my dream of owning a home a reality - NOT FOR ME but for my kids!
04-04-2011 05:23 PM
Thank you for the replies, everyone.
I guess my major question is which should I do?
1) Pay off the balance and later GW B of A
2) Wait to pay off the balance until I can get a PFD in writing or some other agreement in my favor?
04-05-2011 11:04 AM
Start with an attempt to PFD - send a letter, wait a few weeks, send another letter, wait a few weeks, etc.
Eventually, after enough ignored PFD letters (or actual "nos") and for your own piece of mind, I would then just pay it and flip to the GW strategy. However, I have been trying to get a few lates removed from a BOA loan still in good standing (line of credit, closed, but has been on-time for years now) and I have gotten multiple, adamant "nos" in response to my GW letters. Therefore, I would try really hard for a PFD first because BOA seems to be very unwilling to remove lates through GW. The incentive of PIF will give you a much better chance.
04-05-2011 11:31 AM
I would keep trying and maybe re-word the letter to have them make an goodwill "adjustment" on your accounts rather then "delete the file" You might also mention that you choose the option of a payment plan that would allow you to pay the balance in full rather then a settlement amount.